Examlex
Use the following information to prepare an income statement for Burleson Company for the year ended December 31,2012.
1.revenue from services,$28,000
2.paid $10,000 cash for land
3.paid operating expenses,$21,000
4.paid dividends to stockholders,$4,000
5.issued $6,000 of common stock for cash
Discount Rate
The interest rate used to discount future cash flows of a financial instrument to present value.
Lease Payments
Regular payments made for the use of an asset or property under a lease agreement.
Incremental Sales
The additional sales generated by a new marketing campaign, product launch, or any other business activity, over and above existing sales.
Cash Operating Expenses
Expenses directly related to the daily operational activities of a business, such as salaries, rent, and utilities, that require immediate cash payment.
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